Balance Sheet as on 31st March 2020
Amount
Assets
Amount
Capital
Shru
9.000
Shrova
32.500<

By Eva

Balance Sheet as on 31st March 2020
Amount
Assets
Amount
Capital
Shru
9.000
Shrova
32.500
Sundry Creditors
15.000 plant
20.000 Trademark
17.300 Sundry Debtors 24.000
7500 Less RDD 1.500
4,000
Bank loan
22 500
Stock
15.000
Cash in hand
Advertisement Suspense
5.000
4.000
90.000
90.000
Additional information
GO
(1) Plant and Stock taken over by Shruti at 39.000 and 11.000 respectively.
(2) Debtors realised 90% of the book value and Trademark at 2.500 and
Goodwill was realised for 13.500
(3) Unrecorded assets estimated 2.250 was sold for 750
14) 500 Discount were allowed by creditors while paying their claim.
(5) The Realisation expenses amounted to 1.750
You are required to prepare Realisation Alc, Cash A/c and Partners’ Capital Alc.​

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Eva

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